BoG warns public against six unlicensed deposit-taking entities

The Bank of Ghana has warned the public against doing business with some six deposit-taking entities in the country.

A statement signed by the Secretary of the Central Bank, Frances Van-Hein Sackey said, “The Bank of Ghana wishes to inform the general public that the following entities have not been granted license to carry out deposit-taking activities in Ghana.”

The BoG, therefore, warned that “anyone who does business with these entities does so at his or her own risk and the Bank of Ghana will not be liable for the refund of any deposit lost by a depositor.”